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Feb 1 2021, 07:00 GMT
Banks
Small but important ethical mortgage loan sale
- Sectors : Banks
- Companies : permanent tsb Group | AIB Group | Bank of Ireland
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| AIB Group | OUTPERFORM | 23/01/19 | Neutral | 14/08/18 | 147c |
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 308c |
| permanent tsb Group | NEUTRAL | 06/03/19 | Outperform | 01/08/18 | 80.0c |
DAVY VIEW
While small in nature, AIB’s sale of a mortgage portfolio is important as it demonstrates that the Mortgage-to-Rent solution can work on a scale basis. Mortgage-to-Rent and other solutions that enable indebted borrowers to maintain occupancy remain important tools in dealing with long-term arrears. We would anticipate further deals of this nature at AIB and across the banking system.
